UK100 waiting for the completion of the Butterfly Pattern

FX:UK100   FTSE 100 Index
Right now a perfect, bullish Butterfly Pattern is being formed on UK100             Index.

Really good R/R ratio and high probability for profit.

Entry zone should be around 1.272 Fibo of the XA leg, and SL should be right under 1.414 Fibo of the XA leg.

Take profits are 38,2 and 61,8 Fibo retracements of AD confirmed by previous structures

If you look at RSI , Stochastic , MACD , etc. you'll also see a nice Divergence near the oversold zone, so it's another good signal for a long position.
I like your style! You´ve posted some really great chart setups, i´m a harmonic pattern trader myself.

Kind regrads
Thomas Jeff
TradingSuccess ThomasJeff_DCM
Thank you Thomas, I really appreciate it, markets look like a complete chaos, but in my opinion there is some balance in price movements, that's why harmonic trading is one of the most accurate strategies and that's why I'm using it :D
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out